202 Spring Valley Rd, Pigeon Forge, TN 37863

$2,490,000
Property Type: Multi-Family Square Footage: 11,036 Lot Size (sq. ft.): 21,780 Status: Active
Current Price: $2,490,000 List Date: 11/05/2025 Last Modified: 11/05/2025

Overview

Description

Great investment opportunity—Pigeon Forge, right off the parkway—great location! 16-unit apartment complex consisting of three large two-story buildings, 12 one-bedroom units and 4 two-bedroom units. All units are occupied, and some recent upgrades and remodels have been made. Showings are appointment only—call to set one up! Please note–the buildings were not built the same year. They were 1979, 1983, and 1990

Listing Details MLS# 1320840

Location Tax Legal Info

House #
202
Street Name
Spring Valley
St Suffix
Rd
State/Province
TN
Zip Code
37863
PIN #
095 048.01

Contract Info

Auction Y/N
No
Listing Price
2490000

General Property Description

SqFt – Total (Aprox)
11036
Lot Dimensions
220.47×129.66 IRR
Lot Size SqFt
21780
Number of Units
16
# Units Leased
16
Year Built
1983
Property Status
N/A
Driveway
Yes
Total Unfinished SqFt
0
Utilities/Mo Avg
0

Status Change Info

Status Change Date
2025-11-04

Location, Tax & Legal Info

Area
Sevier County – 27
City/County Code
City Limits
Total Tax
3946.51

Remarks & Misc

Directions
Coming from Gatlinburg, right before leaving the spur and entering Pigeon Forge look on your right for sign saying Spring Valley Rd. If you are coming from Pigeon Forge, you'll have to go into spur, take first bridge to other side then come on down to Spring Valley Rd on right before you enter Pigeon Forge
Public Remarks
Great investment opportunity—Pigeon Forge, right off the parkway—great location! 16-unit apartment complex consisting of three large two-story buildings, 12 one-bedroom units and 4 two-bedroom units. All units are occupied, and some recent upgrades and remodels have been made. Showings are appointment only—call to set one up! Please note–the buildings were not built the same year. They were 1979, 1983, and 1990

More Information

Income/Expenses

Gross Annual Income
222000

Property Sub-Type

Other
Yes

Construction

Block
Yes
Frame
Yes

Type of Units

1 Bedroom Unit
Yes
2 Bedroom Unit
Yes

Siding

Other
Yes

Sale Includes

Building and Land
Yes

Miscellaneous

Balcony
Yes
Porch
Yes

Cooling

Central Cooling
Yes

Floors

Carpet
Yes
Laminate
Yes
Luxury Vinyl Plank
Yes

Garage/Parking

Off-Street Parking
Yes

Owner Expenses

Common Area Maintenance
Yes
Exterior Maintenance
Yes
Lawn Maintenance
Yes
Roof Maintenance
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Fuel

Electric
Yes

Heat

Central
Yes

Appliances

Range
Yes
Refrigerator
Yes

Other Rooms

Other
Yes

Roof

Composition
Yes
Shingle
Yes

Exterior Features

Porch – Covered
Yes

New Financing

Cash
Yes
Conventional
Yes

Showing

See Agent Instructns
Yes

Property Features

Property Sub-Type: Other Type of Units: 1 Bedroom Unit; 2 Bedroom Unit Sale Includes: Building and Land Floors: Carpet; Laminate; Luxury Vinyl Plank Owner Expenses: Common Area Maintenance; Exterior Maintenance; Lawn Maintenance; Roof Maintenance; Sewer; Taxes; Water Fuel: Electric Heat: Central Cooling: Central Cooling Appliances: Range; Refrigerator Construction: Block; Frame Roof: Composition; Shingle Siding: Other Exterior Features: Porch – Covered Other Rooms: Other Miscellaneous: Balcony; Porch New Financing: Cash; Conventional Showing: See Agent Instructns
Listing Office: Karen Whitlock Realty
IDX
Office Phone: 865-774-4848
Last Updated: November – 05 – 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.